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Democrats propose further tax hike on offshore oil

Right now you have had your laugh.

You know as well as almost anyone else that monies set aside for one purpoise are always appropriated by the Democrats and (naturally on a temporary basis) borrowed for the general fund, they might feel generous and give this emergency fund a loan note (there you go, I made a funny).

Well it might have been funny if it were not true.

It's not just Democrats.
 
No.

I don't trust our government to properly manage the current funds they get from current tax levels, so no way in HELL do I think this is a good idea.
 
Companies can not simply pass a tax along. The concept of incidence of tax is a fundamental concept of economics. Sometimes the taxes can be passed along 100%, sometimes the company eats 100% of the tax. Almost always the taxes are shared in same ratio reflective to the elasticity of the price of the underlying product. A tax can only be fully passed along when you have products with a high degree of price inelasticity, which so happens to be the case with gasoline.

They may not be able to pass on the tax, but they can damn sure close their operations in the GOM and ship all those jobs overseas.

So, what are the Dems doing to improve the economy again? They're either purposefully destroying the American economy, or they're just ****ing stupid. Which is it?
 
True, but that's OK. It's not like BP was just drilling for oil in the Gulf of Mexico for fun. They were drilling to sell it to us. So oil consumers SHOULD indirectly bear the cost of the spill, since they are indirectly responsible for it. These kind of accidents need to be factored into the price.

All the more reason that it make zero sense to shut down opeartions in the GOM. The oil and gas industry represents the government's largest source of non-tax revenue. You're right, one way, or another, we're going to pay for the spill.
 
I could agree with that. We are woefully unprepared for any sort of environmental disaster. I would add one more thing to your list though: More money so that the EPA can have better enforcement of its drilling regulations. This whole thing might have been averted if someone had made sure BP and/or Halliburton were in compliance with the law.

Kandahar,

I don't the problem is a lack of funding, rather, it's a lack of leadership and proper oversight. We have SEC employees surfing porn sites for hours on end, all on the taxpayers dime, and we wonder why they overlooked the impending financial collapse. I suspect the same kind of malfeasance and incompetence is endemic to all Federal bureaucracies.

I disagree with you here. Keep in mind that the Exxon Valdez spill occurred off the coast of Alaska.

I'm reticent to impose further taxes on energy consumption. Nations like England can afford high gas prices because their country is 1/5 the size of Texas. Our entire nation's economy is dependent upon cheap gas. We don't need more taxes, we just need better leadership and accountability.
 
I could agree with that. We are woefully unprepared for any sort of environmental disaster. I would add one more thing to your list though: More money so that the EPA can have better enforcement of its drilling regulations.

Maybe we shouldn't have spent a trillion dollars on bull****?

This whole thing might have been averted if someone had made sure BP and/or Halliburton were in compliance with the law.

LOL...you don't know that they weren't. You, along with the rest of us, have zero clue, as to what actually caused that well to blow out. How 'bout we find out, first? Nah, that would make too much sense. It's mor fun to just blame the oil companies and of course, Halliburton.
 
Kandahar,

I don't the problem is a lack of funding, rather, it's a lack of leadership and proper oversight. We have SEC employees surfing porn sites for hours on end, all on the taxpayers dime, and we wonder why they overlooked the impending financial collapse. I suspect the same kind of malfeasance and incompetence is endemic to all Federal bureaucracies.



I'm reticent to impose further taxes on energy consumption. Nations like England can afford high gas prices because their country is 1/5 the size of Texas. Our entire nation's economy is dependent upon cheap gas. We don't need more taxes, we just need better leadership and accountability.

Absolutely, but there's always going to be a certain level of waste in any job...especially a government job. I'm all for steps to improve management of those agencies, but the truth is that it's never going to go away entirely. Right now we need more people to investigate these sorts of things. The EPA just doesn't have enough people on staff to closely monitor them.
 
Maybe we shouldn't have spent a trillion dollars on bull****?

:roll:
I have no idea what you're so pissed off about, but I'm 99% sure it's something retarded and completely irrelevant to the subject at hand, as usual.

apdst said:
LOL...you don't know that they weren't. You, along with the rest of us, have zero clue, as to what actually caused that well to blow out. How 'bout we find out, first? Nah, that would make too much sense. It's mor fun to just blame the oil companies and of course, Halliburton.

You're right, I don't know if they were or not. Which is why I said this whole thing MIGHT have been averted. Learn to read.
What we do know is that BP has been responsible for over 90% of the EPA's infractions in recent years, including four separate incidents of criminal misconduct; they're the worst of the worst. But it's really not even about BP. Better enforcement might prevent a repeat of this kind of disaster.
 
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:roll:
I have no idea what you're so pissed off about, but I'm 99% sure it's something retarded and completely irrelevant to the subject at hand, as usual.

My point is, perhaps the government shouldn't have spent a trillion dollars on 30 years of Liberal wet dreams and that way, we wouldn't have to raise oil taxes, by 5 times, to pay for a future blow out. If that isn't relevant, then perhaps it isn't I that is retarded, sir.



You're right, I don't know if they were or not. Which is why I said this whole thing MIGHT have been averted. Learn to read.

It may have been negligence, sabotage, or a pure-dee-ole-accident. Learn to think.

What we do know is that BP has been responsible for over 90% of the EPA's infractions in recent years, including four separate incidents of criminal

I guess that's why the gubmint wanted to give The Horizon a safety award?

misconduct; they're the worst of the worst. But it's really not even about BP. Better enforcement might prevent a repeat of this kind of disaster.

Again, you don't have the first goddamn clue as to what happen. You don't know if enforcement would have prevented this blow out.

I'm not trying to defend BP, by no means, but do you care to back up the claim that they're, "the worst of the worst"? I know of offshore drilling rigs that are using BOP's that are 40+ years old. Wanna tackle that one? I double dog ****in dare ya.
 
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Maybe we shouldn't have spent a trillion dollars on bull****?



LOL...you don't know that they weren't. You, along with the rest of us, have zero clue, as to what actually caused that well to blow out. How 'bout we find out, first? Nah, that would make too much sense. It's mor fun to just blame the oil companies and of course, Halliburton.
It's mor fun to just blame the oil companies and of course, Halliburton.
Don't forget George Bush, he isn't far behind...lets say with a month perhaps.
 
I would agree to this on these conditions. 100% of the funds raised went to disaster preparedness and spill mitigation. Including funding and equipping the 1994 plan.

This tax however should only be applied to barrels produced on the gulf.

None of this tax should be used for anything else.

I do not think there should be a tax hike on offshore oil drilling because like all business related expenses the consumer ends up paying for those business related expenses somewhere down the road. I do not think any company is going to take a smaller profit margin especially when they sell a product everybody needs.
 
I would agree to this on these conditions. 100% of the funds raised went to disaster preparedness and spill mitigation. Including funding and equipping the 1994 plan.

This tax however should only be applied to barrels produced on the gulf.

None of this tax should be used for anything else.

Unfortunately the feds will probably use the money to fund another useless DoI buracracy in Washington filled with cronies who don't know how to spell "oil spill".
 
I do not think there should be a tax hike on offshore oil drilling because like all business related expenses the consumer ends up paying for those business related expenses somewhere down the road. I do not think any company is going to take a smaller profit margin especially when they sell a product everybody needs.




I'm actually fine with an additional 3 cents on my gas if it would prevent this sort of thing. :shrug:



Also, Maybe we can shut down the MMS since its irrellevant to this mess and funnel that money into the 1994 plan instead. that may make it 2 cents more expensive...


I am not for some massive tax, just enough to fund cleanup and mitigation. It's going to cost us a lot more in the long run to clean this mess up as it is now.


That's my point.
 
I'm actually fine with an additional 3 cents on my gas if it would prevent this sort of thing. :shrug:



Also, Maybe we can shut down the MMS since its irrellevant to this mess and funnel that money into the 1994 plan instead. that may make it 2 cents more expensive...


I am not for some massive tax, just enough to fund cleanup and mitigation. It's going to cost us a lot more in the long run to clean this mess up as it is now.


That's my point.

Dick Morris has traced this whole problem back to Bubba in 1995.
 
Hmmm..

... so now, all of a sudden, Republicans are for earmarks?

Fascinating.
 
I'm actually fine with an additional 3 cents on my gas if it would prevent this sort of thing. :shrug:



Also, Maybe we can shut down the MMS since its irrellevant to this mess and funnel that money into the 1994 plan instead. that may make it 2 cents more expensive...


I am not for some massive tax, just enough to fund cleanup and mitigation. It's going to cost us a lot more in the long run to clean this mess up as it is now.


That's my point.

I dont mind paying such a tax either, but when it is needed.
there is no need for a tax here, there is need for a compeny with more money than the USA has now ( maybe i dont know) to spend what to them is 5$ to clean it up.
I mean why should a citizen who gets scrwed at the prices as it is now have to pay for a their screw up?
I mean I also throw baseballs out into the ocean hoping to cause a giant oil rig to fail like i need a good simile oh i got one " like a giant multimillion $$$ compeny that had a giant oil rig fail and is asking for finanical support in cleaning it up"

Serouisly..

I have read about enough legilations that (sp) sound good for us, but eventually screws us and gives the compenies more money..
Comeon wake up and smell the U R SCRWED UR GOVERNEMTN HATES YOU coffee...its a new thing I am working on it will punch you in the face till you realise you are no longer in a democracy (sp)
 
I dont mind paying such a tax either, but when it is needed.
there is no need for a tax here, there is need for a compeny with more money than the USA has now ( maybe i dont know) to spend what to them is 5$ to clean it up.
I mean why should a citizen who gets scrwed at the prices as it is now have to pay for a their screw up?
I mean I also throw baseballs out into the ocean hoping to cause a giant oil rig to fail like i need a good simile oh i got one " like a giant multimillion $$$ compeny that had a giant oil rig fail and is asking for finanical support in cleaning it up"

Serouisly..

I have read about enough legilations that (sp) sound good for us, but eventually screws us and gives the compenies more money..
Comeon wake up and smell the U R SCRWED UR GOVERNEMTN HATES YOU coffee...its a new thing I am working on it will punch you in the face till you realise you are no longer in a democracy (sp)





You know what. Life is not fair. If it costs me a cent or two more at the pump to keep these spills from devastating my beloved country. so be it. We are taxed for so many retarded things right now, I'd be happy to see at least a penny of my money go to something that actually might help my country.
 
You know what. Life is not fair. If it costs me a cent or two more at the pump to keep these spills from devastating my beloved country. so be it. We are taxed for so many retarded things right now, I'd be happy to see at least a penny of my money go to something that actually might help my country.

yeah i agree with you like I said I would not mind the tax.
I am just wondering what would that money help? Shouldnt the olil compeny pay for all the cleaning ect ect?

I am just confused why the government needs to also pay for this, I understand the need for something to be done, but doing this will just postpone anything..

Till it passes the voteing ect ect ect

to me it sounds like an excuse for the oil compeny to take its sweat damn time
But thats me and I am sure I am wrong

:)
indeed life is not fair, but in the end its up to you to decide if you want to get the up side or the down side. And when you say life is not fair to yourself more than a few times a week, thats not good.

the cooperations should be saying to themselfs life is not fair, not the otherway around me thinks :D
 
yeah i agree with you like I said I would not mind the tax.
I am just wondering what would that money help? Shouldnt the olil compeny pay for all the cleaning ect ect?


yes they should. However reality dictates they will pass the cost to us. Such is the free market system. :shrug:


I am just confused why the government needs to also pay for this, I understand the need for something to be done, but doing this will just postpone anything..



Whatever it takes to mitigate and contain a spill.



Till it passes the voteing ect ect ect

to me it sounds like an excuse for the oil compeny to take its sweat damn time
But thats me and I am sure I am wrong

:)
indeed life is not fair, but in the end its up to you to decide if you want to get the up side or the down side. And when you say life is not fair to yourself more than a few times a week, thats not good.

the cooperations should be saying to themselfs life is not fair, not the otherway around me thinks :D



That would be nice, however, again reality creeps in. Cest la vie.....
 
Yup you're right.
But so am I.
we are just both debating diff sides of the issue, you are on the side of passing it to get the oil under-control ASAP
I am on the side saying pass this but for the love of fudgecakes please put some paperclip seeking missiles around the damn legislation.

I am still confused as to why the oil company is not doing anything right now to my understanding.
In a place where you cant even give a speech about health-care without people screaming, you can smoke a cigar while half the coastline is about to be annihilated?

If thats the case...ROFL we are scrweeedddd
 
Yup you're right.
But so am I.
we are just both debating diff sides of the issue, you are on the side of passing it to get the oil under-control ASAP
I am on the side saying pass this but for the love of fudgecakes please put some paperclip seeking missiles around the damn legislation.

I am still confused as to why the oil company is not doing anything right now to my understanding.
In a place where you cant even give a speech about health-care without people screaming, you can smoke a cigar while half the coastline is about to be annihilated?

If thats the case...ROFL we are scrweeedddd




BP is doing a lot actually, they have a containment system in place thats getting a ton of the oil. Idiots they are though apparently didn't have enough boats to haul it out. :doh:
 
Heh
well I dont know enough on the subject so like i said in an earlier post ( and if i did not I m now ) I need to look into this more for my answers to make sense..
:)
I hope it wont get any worse thou :(
 
The customer is the consumer. We're not blameless in this energy situation, you know.

You are dodging the question...... how are we the consumer "not blameless in this energy situation"?
 
They may not be able to pass on the tax, but they can damn sure close their operations in the GOM and ship all those jobs overseas.

So, what are the Dems doing to improve the economy again? They're either purposefully destroying the American economy, or they're just ****ing stupid. Which is it?

Actually, the economy did not fall into depression, which was a genuine threat 20 or so months ago. This threat was reflected in the Dow, which reflects the outlook of sophisticated investment, had fallen more than 60% during the last 7 months of the Bush Administration (and into the first weeks of his successor). The Dow has rebounded remarkably and has once again started trading on fundamentals. So I would say the economy has stabilized. Unfortunately unemployment is a trailing indicator of economic health, so its is not back.

That all said, we are not out of the woods. The uncertainty of a recovery or the risk for retrenching has inhibited employment recovery. Still, its hard to realistically argue that it is worse now than it was in December 2008.

If you do not argee, please offer your Monday morning response to what should have been done that wasn't.
 
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